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because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarthy said yesterday the speaker moved to the middle by putting revenue on the table. jay carney also said the boehner plan is quote pagic beans and fair redust. >>> peter doocy, live in washington. thank you. >>> chaos in cairo. egyptian president mohammed morsi returning to the presidential palace overnight. he left amid clashes between police and 100,000 protestors. look at that. they ar
because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they...
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-- without this fiscal cliff situation being resolved, it doesn't give the certainty that not only businesses need to start making investments, to hiring more people, but also middle class americans can't get that comfort that they need to know that their taxes won't go up at the end of the year. and so that's sort of the message that the president is bringing to these business leaders today. but in addition to that, trying to put pressure on them to support his approach, which is those upper income americans need to pay more, ashleigh. >> here is another critical movement. i don't know how critical it is but to me is seemed critical. the president in the bloomberg interview, which is the first interview since the election, it seemed that perhaps he was prepped to make an overture on the insistence to raise tacks on the top 2%. did i hear wrong or read it wrong? that this demand is a temporary demand? >> reporter: yes, it does seem like there's a little wriggle room. jay carney was asked about this and didn't want to get nailed down. the answer that you get from jay carney is he doesn't want
-- without this fiscal cliff situation being resolved, it doesn't give the certainty that not only businesses need to start making investments, to hiring more people, but also middle class americans can't get that comfort that they need to know that their taxes won't go up at the end of the year. and so that's sort of the message that the president is bringing to these business leaders today. but in addition to that, trying to put pressure on them to support his approach, which is those upper...
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Dec 5, 2012
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cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. ren, it's only 2%. >> pelley: by 2%, he means individuals making more than $200000 and couples taking in 250,000 or more. republicans say rates shouldn't be increased on anyone. with no agreement, going over the fiscal cliff would be painful. the automatic tax increases break down like this: households making $20,000 to $4,000 would see an increase in $1,200 a year. incomes $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talk
cliff. that's the package of tax increases for most americans and budget cuts that will hit automatically unless the white house and congress find a gentler way to solve the crisis in the federal budget. here's how treasury secretary tim geithner put it on cnbc. >> is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. ren, it's only 2%....
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i thought about what's happening with the issue of the fiscal cliff and facing and there's a narrative, those critics of the republican party saying it looks like the republicans don't care about the middle class and care about the wealthy 2% so whether it's old white men as you and others have said or the 2% versus the 98%, either narrative is no good looking at race to how much cash you have in your pocket. 2% of a whole lot of 98% are trying to get their kids something nice for christmas and maybe if they're lucky get the kid in college with no debt. >> you're right, tamron. it is more than race. it is economics. and you're also right that the republican party will condemn itself to be on a national level, to be a party that's going to carry only a few western states, a shrinking number as the hispanic vote increases and a few states of the old south. and it will not carry the rest of the country. for reasons both of ethnicity and race and age and gender and, also, of economics. you can't sell the message that we're going to give tax breaks to millionaires and billionaires and forge
i thought about what's happening with the issue of the fiscal cliff and facing and there's a narrative, those critics of the republican party saying it looks like the republicans don't care about the middle class and care about the wealthy 2% so whether it's old white men as you and others have said or the 2% versus the 98%, either narrative is no good looking at race to how much cash you have in your pocket. 2% of a whole lot of 98% are trying to get their kids something nice for christmas and...
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cliff. talks in washington are going nowhere. some republicans are speaking out against the gop's plans to fix the problem presented this week by house speaker john boehner. dana bash has the details. >> rates are going up they have to go up. >> the fact that the house gop leaders propose raising $800 billion in taxes is ruffling feathers in their own party. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves entry in the president's proposal like it is serious. >> gop senator jim demint said anti-government anti- tax paris. >> there are some that want to go the politically expedient route to give the president what he wants to get out of this mess. >> he is hardly the conservative upset with house republican leaders. the conservative action networks in this alert supporters sang card rep tell your representative tax hikes are not part of the solution. the e-mail included a not so subtle threat saying this infamous pledge cost george
cliff. talks in washington are going nowhere. some republicans are speaking out against the gop's plans to fix the problem presented this week by house speaker john boehner. dana bash has the details. >> rates are going up they have to go up. >> the fact that the house gop leaders propose raising $800 billion in taxes is ruffling feathers in their own party. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves entry in...
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Dec 5, 2012
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many republicans unhappy with the way he offered the white house $800 billion in tax hikes during fiscal cliff negotiations. congressman boehner is starting a news conference that is scheduled to start any hour now. >>> also, we could hear president obama's response to speaker boehner's offer. he is is publicly pushing his plan to raise taxes on the wealthiest of americans. we'll bring that to you 50 minutes from now. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now. >>> good morning. thank you so much for being with us. i'm carol costello. this should be interesting. speaker john boehner is meeting with house republicans who are angry at his new pitch to raise 8$800 million in fisca
many republicans unhappy with the way he offered the white house $800 billion in tax hikes during fiscal cliff negotiations. congressman boehner is starting a news conference that is scheduled to start any hour now. >>> also, we could hear president obama's response to speaker boehner's offer. he is is publicly pushing his plan to raise taxes on the wealthiest of americans. we'll bring that to you 50 minutes from now. >>> lawmakers are listening to responses of superstorm...
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president obama is focused on the stalemate with congress over averting the fiscal cliff but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> "i know that the president certainly wants a deal. he didn't try to handicap it." and earlier this week, he told so called middle class americans on twitter keep pressure on congress, he's even ventured outside the beltway rallying supporters to do just that "i'm going to be asking all of you to make your voices heard." >> why isn't he calling speaker boehner over to a white house meeting? "speaker boehner and i speak frequently. and, you know, i (reporter: "so when? when will the two of you sit down in a room?") >> "you know, i don't think that the issue right now has to do with sitting in a room." in part the white house was burned by the debt ceiling negotiations of 2011 when lots of meetings, failed to stave off a fiscal nightmare. but there's another strategy at play. some in the administration say they learned in the first term, the best way to break was
president obama is focused on the stalemate with congress over averting the fiscal cliff but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> "i know that the president certainly wants a deal. he didn't try to handicap it." and earlier this week, he told so called middle class americans on twitter keep pressure on congress, he's even ventured outside the beltway rallying supporters to do just...
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fiscal cliff as a three-part problem. part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not by raising tax rates. in fact, they want to lower tax rates for everyone. instead they'd raise money only by limits deductions and closing loopholes. speaker boehner says this will raise $800 billion over ten years. >> america faces a serious problem. our goal is to make sure it gets solved. >> step two, avoiding the drastic spending cuts that begin on january 1st, the so-called sequester. both sides want to find savings in medicare, but disagree about how to do it. >> we need a responsible white house. we can't sit here and negotiate with our
fiscal cliff as a three-part problem. part one taxes. in the new year, taxes go up on everyone unless washington takes action. the government needs more money. president obama wants to get some of it from the top 2% of wage earners. he wants to raise their tax rate and limit how much they can deduct. the white house says this will bring in $1.6 trillion over ten years. >> that's what the american people have voted for. >> republicans say they'll agree to bring in more money, but not...
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cliff negotiations then then this afternoon he travels about 5. he will host house members, some of us of the white house press corps for the christmas reception, jay carney's briefing at 12:30. >> this is bill press show. >> good wednesday morning to all of you fellow americans and welcome to the "full-court press," your progressive morning show the only progressive morning show on national television, good to have you with us this morning and we will bring you up to date on what's happening, the little bit that's going on here in our nation's capitol, lots of talk not much action. rest of the news, most importantly give you a cans to sound off, take your call at 866-55-press, news on the media front this morning, word out that fox news has decided that they are going to put on the shelf karl rove and dick morris. no wonder, they are the biggest snakes in american politics plus they got everything wrong during campaign. so who would trust them about anything anymore? pretty bad. got to be pretty bad when you are too extreme for fox news. that and
cliff negotiations then then this afternoon he travels about 5. he will host house members, some of us of the white house press corps for the christmas reception, jay carney's briefing at 12:30. >> this is bill press show. >> good wednesday morning to all of you fellow americans and welcome to the "full-court press," your progressive morning show the only progressive morning show on national television, good to have you with us this morning and we will bring you up to date...